LRB-3263/1
MES:nwn&kjf:rs
2011 - 2012 LEGISLATURE
November 1, 2011 - Introduced by Senators King, Carpenter, T. Cullen,
Erpenbach, Hansen, Holperin, Jauch, C. Larson, Miller, Shilling, Taylor,
Wirch, Risser
and Lassa, cosponsored by Representatives Milroy, Hebl,
Mason, Bewley, Berceau, Grigsby, Hulsey, Jorgensen, Pasch, Pocan,
Ringhand, Roys, Sinicki, Staskunas, C. Taylor, Young
and Zepnick. Referred
to Committee on Public Health, Human Services, and Revenue.
SB272,1,3 1An Act to repeal 71.54 (1) (g) and 71.54 (2) (b) 4.; and to amend 71.54 (1) (f)
2(intro.), 71.54 (2) (b) 3. and 71.54 (2m) of the statutes; relating to: restoring
3indexing provisions to the homestead tax credit.
Analysis by the Legislative Reference Bureau
Under current law, as created in 2011 Wisconsin Act 32, the homestead tax
credit formula factors (maximum income, maximum property taxes, and income
threshold) are not indexed for inflation after 2010. This bill repeals those provisions
and restores former law. Under the bill, the homestead tax credit formula factors
would be indexed for inflation for 2011 and beyond.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB272, s. 1 4Section 1. 71.54 (1) (f) (intro.) of the statutes, as affected by 2011 Wisconsin
5Act 32
, is amended to read:
SB272,2,26 71.54 (1) (f) 2001 to 2011 and thereafter. (intro.) Subject to sub. (2m), the
7amount of any claim filed in 2001 to 2011 and thereafter and based on property taxes

1accrued or rent constituting property taxes accrued during the previous year is
2limited as follows:
SB272, s. 2 3Section 2. 71.54 (1) (g) of the statutes, as created by 2011 Wisconsin Act 32,
4is repealed.
SB272, s. 3 5Section 3. 71.54 (2) (b) 3. of the statutes, as affected by 2011 Wisconsin Act 32,
6is amended to read:
SB272,2,87 71.54 (2) (b) 3. Subject to sub. (2m), in calendar years 1990 to 2010 year 1990
8or any subsequent calendar year
, $1,450.
SB272, s. 4 9Section 4. 71.54 (2) (b) 4. of the statutes, as created by 2011 Wisconsin Act 32,
10is repealed.
SB272, s. 5 11Section 5. 71.54 (2m) of the statutes, as affected by 2011 Wisconsin Act 32, is
12amended to read:
SB272,3,413 71.54 (2m) Indexing for inflation; 2010 and thereafter. (a) For calendar years
14beginning after December 31, 2009, and before January 1, 2011, the dollar amounts
15of the threshold income under sub. (1) (f) 1. and 2., the maximum household income
16under sub. (1) (f) 3. and the maximum property taxes under sub. (2) (b) 3. shall be
17increased each year by a percentage equal to the percentage change between the U.S.
18consumer price index for all urban consumers, U.S. city average, for the 12-month
19average of the U.S. consumer price index for the month of August of the year before
20the previous year through the month of July of the previous year and the U.S.
21consumer price index for all urban consumers, U.S. city average, for the 12-month
22average of the U.S. consumer price index for August 2007 through July 2008, as
23determined by the federal department of labor, except that the adjustment may occur
24only if the percentage is a positive number. Each amount that is revised under this
25paragraph shall be rounded to the nearest multiple of $10 if the revised amount is

1not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount
2shall be increased to the next higher multiple of $10. The department of revenue
3shall annually adjust the changes in dollar amounts required under this paragraph
4and incorporate the changes into the income tax forms and instructions.
SB272,3,105 (b) The department of revenue shall annually adjust the slope under sub. (1)
6(f) 2. such that, as a claimant's income increases from the threshold income as
7calculated under par. (a), to an amount that exceeds the maximum household income
8as calculated under par. (a), the credit that may be claimed is reduced to $0 and the
9department of revenue shall incorporate the changes into the income tax forms and
10instructions.
SB272,3,1111 (End)
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